Last checked at 14 Sep 2016 07:00
RNS
14 September 2016
Digital Barriers plc
("Digital Barriers" or the "Group")
US Contract Award
- $2.2 million contract award with US Federal law enforcement agency -
Digital Barriers plc (AIM: DGB), the specialist provider of visually intelligent solutions to the global surveillance, security and safety markets, is pleased to announce that it has secured a $2.2m contract for the Group's EdgeVis Live advanced wireless surveillance technology. The revenue associated with this contract, agreed with a flagship US Federal law enforcement agency, is expected to be fully recognised in this financial year and lead to further material awards, both this year and in subsequent years. The reach and strength of the acquired Brimtek business, the purchase of which was completed in March of this year, played an important role in securing this important contract.
The Group's EdgeVis Live surveillance technology offers users secure distribution of real-time video from anywhere to anywhere. It features end-to-end security, real world resilience and network optimisation that can stream usable, live video using 60 per. cent less bandwidth than standard technologies. EdgeVis Live delivers significant capability benefits and material cost savings over competing technologies, and has now been sold into many of the world's leading law enforcement and defence agencies.
Zak Doffman, Chief Executive Officer of Digital Barriers commented:
"The size and nature of this contract, which is expected to lead to significant follow-on awards is testament to the strong position we now have in the US following the acquisition of Brimtek earlier this year. Selling Digital Barriers' technology using Brimtek's strength and reach in the US was the central strategic rationale behind the deal. The adoption of EdgeVis Live by the world's most aspirational customers perfectly illustrates the significant technical lead it enjoys over its competition."
For further information please contact: | |
Digital Barriers plc | +44 (0)20 3553 5888 |
Zak Doffman, Chief Executive Officer | |
Sharon Cooper, Chief Financial Officer | |
Investec Investment Banking | +44 (0)20 7597 5970 |
Andrew Pinder / Patrick Robb | |
FTI Consulting LLP | +44 (0)20 3727 1000 |
Edward Bridges / Matt Dixon |
About Digital Barriers:
Digital Barriers provides visually intelligent solutions to the global surveillance, security and safety markets. We deliver zero-latency streaming and analysis of secure video and related intelligence over wireless networks, including cellular, satellite, IP mesh and cloud, utilising significantly less bandwidth than standard technologies.
Our rapidly-installed fixed and mobile solutions for covert, remote and wide-area deployments, as well as vehicle and body-worn applications, have been sold into more than fifty countries, and have been proven in some of the world's most demanding operational environments. We also provide advanced video content analysis and body scanning to identify safety concerns and threats in real-time.
www.digitalbarriers.com